hsbc brokerage account fees

Brokerage fee 2: 0.25% of contract value plus prevailing GST, min. Additional Risk Disclosure for Futures and Options Trading This brief statement does not disclose all of the risks and other significant aspects of trading in futures and options. #SO�S�}�G$er��Z+-\k5�X5B��F��S�#G��>`���fEWت���p���=J%�4x[;��:k2 /�z5�E��3��t�:�y�Qs��%Db���V�2g�VpZ�BI�U��U�6�����[ �,3���[Z��d�C�B�m�͠�­��X���2vC���FϠ��SŲ�%+�G���/͵��Ҹ��:����61G��k�ڒxj�Y�B!�J�őv�A�2.CȊd����m��HQԅFv�3��A �9�ʐ�]b�$�B6��x���@Z��@ �}�� $P> Current Fee. 2478 Susan Jamieson February 20, 2020, 3:01 pm Risk of providing an authority to hold mail or to direct mail to third parties If you provide the licensed or registered person with an authority to hold mail or to direct mail to third parties, it is important for you to promptly collect in person all contract notes and statements of your account and review them in detail to ensure that any anomalies or mistakes can be detected in a timely fashion. Risk of Trading Nasdaq-Amex Securities at The Stock Exchange of Hong Kong Limited The securities under the Nasdaq-Amex Pilot Program ("PP") are aimed at sophisticated investors. Current information on GEM stocks may only be found on the internet website operated by The Stock Exchange of Hong Kong Limited. The HSBC Top Trader Club is a pricing and loyalty programme that offers the opportunity to benefit from volume-based brokerage fees while earning up to 5% p.a. It provides investment services including Risk Profiling, Accounts, investment knowledge, etc. Conversion from Joint Account to Sole Account OR Sole Account to Joint Account. HSBC's $10.99 commission is also higher than what many other discount firms charge today. HSBC Securities Commission and Fee Schedule Effective February 8, 2016 HSBC Securities (USA) Inc. Placing contingent orders, such as "stop-loss" or "stop-limit" orders, will not necessarily avoid loss. (ii) Risk-reducing orders or strategies The placing of certain orders (e.g. If you are a professional investor, these restrictions do not apply. If the option is on a futures contract, the purchaser will acquire a futures position with associated liabilities for margin (see the section on Futures above). HSBC Advance. A pedestrian walks past an HSBC branch in Hong Kong. Trading in futures and options is not suitable for many members of the public. The absence of an underlying reference price may make it difficult to judge "fair value". As for fees for transfers to external banks, HSBC doesn’t disclose this information. The Hongkong and Shanghai Banking Corporation Limited  2002-2021. Transactions in futures carry a high degree of risk. H�\TKr1��)t�G �G#gxU�,�E�I�f�$��n�@ /��9�)5Ƌi�$ƅ�y��>�����_x/;����[(l�0��\�P&��2��JQ4��x9��4��xm�X��s7�Iz0�v�i�%�H#+�}�Z��{ ���6�gq��4B�ؼe$E�J{�p�(f���o��>T�k &~������{p#I�ۆn�=����KQhq"�#Cߐ�8�(B9J}_�*��3�7?��m5~jC�.d��b�no��kt������b�C�4���U�cA�w����?K��t��x��7NJ���C"I &�q�U8X�6�O�����=�.�J^ϳVG"�yC0��$u� The greater risk profile and other characteristics of GEM mean that it is a market more suited to professional and other sophisticated investors. Current Fee. The maximum daily amount you can transfer is $200,000 to your own HSBC account and $15,000 to another HSBC account. It is our goal to make sure you are fully informed of the charges incurred for HSBC Securities services. Further, normal pricing relationships between the underlying interest and the futures, and the underlying interest and the option may not exist. Upon insolvency of the issuer, you may get nothing back and the potential maximum loss could be 100% of the investment amount and no return may be received. Halifax take the £12.50 from your bank so it’s annoying they don’t take the regular investment fee this way too. 416 0 obj <]>>stream If the market moves against your position or margin levels are increased, you may be called upon to pay substantial additional funds on short notice to maintain your position. For these reasons, these transactions may involve increased risks. Account opening fees are waived for HSBC Jade clients and Premier customers. If you are contemplating purchasing deep-out-of-the-money options, you should be aware that the chance of such options becoming profitable ordinarily is remote. The prices of securities fluctuate, sometimes dramatically. To close an IRA, the brokerage firm charges $95, although Premier clients pay … HSBC Premier clients No charge All others $1.75 Per document Miscellaneous Fees Fee Amount Frequency Safekeeping/Foreign Custody Fees** HSBC Premier clients No charge All others $2.00 Per position Market conditions may make it impossible to execute contingent orders, such as "stop-loss" or "stop-limit" orders. Strategies using combinations of positions, such as "spread" and "straddle" positions may be as risky as taking simple "long" or "short" positions. A relatively small market movement will have a proportionately larger impact on the funds you have deposited or will have to deposit: this may work against you as well as for you. HSBC Tadawul HSBC Tadawul Plus HSBC Mubasher Direct Investment Centre: We offer customers access to the market through our toll free investment call centre, which is equipped with certified brokers , whom are ready to assist with any trading transactions and inquiries. We’ll charge you a fixed fee for each trade – online trading in UK shares is £10.50, or as low as £7.95 for frequent traders. Getting in touch Close. Earn 2% cashback on tap and pay under $100. Before you purchase any warrants and/or CBBCs, you should ensure you understand the nature of warrants and/or CBBCs and carefully study the full details and risk factors set out in the relevant listing documents and, where necessary, seek professional advice before you invest in any of these products. Transactions on markets in other jurisdictions, including markets formally linked to a domestic market, may expose you to additional risk. HSBC Bank PLC will act as your broker. By continuing to browse this site, you give consent for cookies to be used. We're here to help. without your written consent) if the licensed or registered person issues you a reminder at least 14 days prior to the expiry of the authority, and you do not object to such deemed renewal before the expiry date of your then existing authority. Your ability to recover certain losses may be subject to limits on liability imposed by the system provider, the market, the clearing house and/or participant firms. Risk of Margin Trading The risk of loss in financing a transaction by deposit of collateral is significant. There are also no fees for moving money between your accounts using Global Transfers, and there are no annual account fees. put or call) which they contemplate trading and the associated risks. HSBC Broking Services (Asia) Limited Service Minimum Charge A Trade-related services • Brokerage commission*1 HKD / RMB100 HKD100 • Stamp duty (Charge levied by the HKSAR Government) (Please refer to HKEX for the applicable products) – • SFC transaction levy (Charge levied by SFC) – • HKEX trading fee (Charge levied by HKEX) – GEM Companies are usually not required to issue paid announcements in gazetted newspapers. If you trade options you should inform yourself of exercise and expiration procedures and your rights and obligations upon exercise or expiry. V������8&��U�6��߈��7M\�'i���cqYpS�J����O�//n������y�z@M� Your local regulatory authority will be unable to compel the enforcement of the rules of regulatory authorities or markets in other jurisdictions where your transactions have been effected. The purchaser is still subject to the risk of losing the premium and transaction costs. As with all facilities and systems, they are vulnerable to temporary disruption or failure. Subject to both the actual and perceived measures of the credit worthiness of its issuer and, there is no assurance of protection against a default by its issuer in respect of its payment obligations. Please take a moment to review our Commission and Fee Schedule. Individual Retirement Accounts carry a $35 annual fee, although HSBC waives it for Premier customers. Although the premium received by the seller is fixed, the seller may sustain a loss well in excess of that amount. 9.2 Options (i) Variable degree of risk Transactions in options carry a high degree of risk. Additionally, your authority may be deemed to be renewed (i.e. If the required funds are not provided within the prescribed time, your position may be liquidated. Earn up to $50 cashback 7 each month on eligible purchases when you tap and pay with Visa payWave, Google Pay TM or Apple Pay 8 under $100.. If the purchased options expire worthless, you will suffer a total loss of your investment which will consist of the option premium plus transaction costs. M1 Finance customers pay $0. [��`���k�t���x)��C�6&����r��B�r������d�%��5�,��UF���e�ո�%^*R�LʇTM`[��w�l:mâ8���Y;@ݕ�w*�#�)�͕��܏ZKDž֛kv*^Xѹ*�[09{�b�BʽfF�賣����N�,;��=��g���x�����-���� ���Z����}�ۿW. 10.4 Commission and other charges Before you begin to trade, you should obtain a clear explanation of all commission, fees and other charges for which you will be liable. ?�ۑSN�%y/��ǿ��0�������?9}�q|�6�L� The seller will also be exposed to the risk of the purchaser exercising the option and the seller will be obligated to either settle the option in cash or to acquire or deliver the underlying interest. �8�I��q��83e�q�ld��/�����z-��Lf�,�z��qV�_.�Ĺ ��x]W��7*� Personal Banking. The price of stocks may move up or down. You should familiarise yourself with the protections given to money or other property you deposit for domestic and foreign transactions, particularly in the event of a firm insolvency or bankruptcy. Consequently, such client assets may not enjoy the same protection as that conferred on client assets received or held in Hong Kong. 397 0 obj <> endobj endstream endobj You should ask the firm with which you deal for details about the types of redress available in both your home jurisdiction and other relevant jurisdictions before you start to trade. 11. When the option is exercised or expires, the purchaser is responsible for any unpaid premium outstanding at that time. You may sustain a total loss of initial margin funds and any additional funds deposited with the firm to maintain your position. illiquidity) and/or the operation of the rules of certain markets (e.g. But an authority may be required by licensed or registered persons, for example, to facilitate margin lending to you or to allow your securities or securities collateral to be lent to or deposited as collateral with third parties. HSBC Global Asset Management (USA) Inc. provides administrative and other services to HSBC Securities (USA) Inc. for a fee, separate from fees received for their mutual fund investment services. The licensed or registered person should explain to you the purposes for which one of these authorities is to be used. If you have sold options, this may increase the risk of loss. Simple and clear fees. Under certain circumstances the specifications of outstanding contracts (including the exercise price of an option) may be modified by the exchange or clearing house to reflect changes in the underlying interest. The price of a security may move up or down, and may become valueless. Account / Service: Returned items due to Non-Sufficient Funds (NSF) or reached credit limit. The extent to which you may recover your money or property may be governed by specific legislation or local rules. endstream endobj 402 0 obj <>stream Current Fee . Free. $100 Bonus for new HSBC customers. 9. 1 HSBC Bank Middle East Limited, UAE Branch are only receiving the order as your agent and to transmit the order to HSBC Bank PLC for execution. For more details please read our Cookie Policy. Current accounts . Before you trade you should enquire about any rules relevant to your particular transactions. The Bank does not provide investment advice. 10.8 Electronic trading Trading on an electronic trading system may differ from trading on other electronic trading systems. 10.7 Trading facilities Electronic trading facilities are supported by computer-based component systems for the order-routing, execution, matching, registration or clearing of trades. Market conditions may make it impossible to execute such orders. HSBC Broking is a trusted broker dealer in Hong Kong. H��T�nA��W�qZb�]���' "Bc�E(r�E�'�~�W=�`P���Z�Uի�ӱv�SgY���:�k.���=�ь��M�N[�F�e�8j�K���椣��x�h�3. You should calculate the extent to which the value of the options must increase for your position to become profitable, taking into account the premium and all transaction costs. You are not required by any law to sign these authorities. The amount of initial margin is small relative to the value of the futures contract so that transactions are "leveraged" or "geared". Several on-line discount brokers have eliminated IRA fees in the past few years. With an HSBC Online Share Trading Account, you can: Trade online from $19.95 per trade up to $20,000 and 0.11% for trades over $20,000. You will remain liable for any resulting deficit in your account. The risk of loss in trading futures contracts or options is substantial. If the option is "covered" by the seller holding a corresponding position in the underlying interest or a futures contract or another option, the risk may be reduced. There is a fee of $35 per item for cash chequing if you're not a HSBC customer. Today, it’s a multinational conglomerate and the 7th largest bank in the world. Service Charges & Fees. Please make an enquiry with the Bank for details. endstream endobj 403 0 obj <>stream We use cookies to give you the best possible experience on our website. ... Current Account interest rates & fees HSBC UK . $45.00 per item. You may be called upon at short notice to deposit additional margin funds. Risk of Providing an Authority to repledge your Securities Collateral etc. Services. For a full listing of all HSBC Securities’ products, services, and offerings, please see HSBC’s Form CRS and HSBC’s Brokerage … Growth Enterprise Market (GEM) stocks involve a high investment risk. Questions about how the coronavirus is affecting your finances or our services? Service Charges & Fees. If the option is on a futures contract, the seller will acquire a position in a futures contract with associated liabilities for margin (see the section on Futures above). $48.00 per item. Keep up to date with our latest rates here. Selling ("writing" or "granting") an option generally entails considerably greater risk than purchasing options. 399 0 obj <>stream 8. HSBC plans to trim a host of banking fees from November for many of its retail customers to fend off competition from virtual banks. The Customer is fully responsible for such fees, charges, levies, tax and interest. Additional Risks common to Futures and Options 10.1 Terms and conditions of contracts You should ask the firm with which you deal about the terms and conditions of the specific futures or options which you are trading and associated obligations (e.g. The seller will be liable for additional margin to maintain the position if the market moves unfavourably. Risk of Trading Warrants and Callable Bull/Bear Contracts. 3. The purchaser of options may offset or exercise the options or allow the options to expire. Standing Instructions set-up for transfers between HSBC accounts in India. Warrants and Callable Bull/Bear Contracts (CBBCs) are structured products which involve derivatives. 10.9 Off-exchange transactions In some jurisdictions, and only then in restricted circumstances, firms are permitted to effect off-exchange transactions. Client assets received or held by the licensed or registered person outside Hong Kong are subject to the applicable laws and regulations of the relevant overseas jurisdiction which may be different from the Securities and Futures Ordinance (Cap.571) and the rules made thereunder. 6. CBBCs have a mandatory call feature and may therefore be subject to early termination, upon which (i) investors in category N CBBCs will lose all of their investments in the CBBCs; and (ii) the residual value of category R CBBCs may be zero. Download the latest Bank Tariff guide to see current Fees & Charges for Investment solutions. Such limits may vary: you should ask the firm with which you deal for details in this respect. You are warned that the prices of warrants and CBBCs may fall in value as rapidly as it may rise and holders may sustain a total loss of their investment. $100 Bonus 6 when you deposit $2,000 or more each month for 3 consecutive months, within 6 months of opening your Everyday Global Account.. 5. 2 HSBC won top prize for Brokerage Service and Securities Company of the Year at the Bloomberg Businessweek - Financial Institution Awards 2020 Stocks Offers If you are a young investor, $0 brokerage fees on all HK stock trades on your first HKD250,000 of trading volume per calendar month, when you open an HSBC One investment account. Yet if you’ve too much sitting in your savings account, you could be missing out on the chance to earn more. Full details of the terms and conditions of the above services are available on request. Please visit your local country or region's HSBC website for more information. "stop-loss" orders, or "stop-limit" orders) which are intended to limit losses to certain amounts may not be effective because market conditions may make it impossible to execute such orders. If you sign one of these authorities and your securities or securities collateral are lent to or deposited with third parties, those third parties will have a lien or charge on your securities or securities collateral. If you fail to comply with a request for additional funds within the time prescribed, your position may be liquidated at a loss and you will be liable for any resulting deficit. HSBC Advance customers under the Advance Newcomer program (for landed immigrants, foreign workers or new residents of Canada within the past three years) have 6 months from the date they open an account to meet the eligibility criteria. In some circumstances, you may sustain losses in excess of your initial margin funds. The profit or loss in transactions in foreign currency-denominated contracts (whether they are traded in your own or another jurisdiction) will be affected by fluctuations in currency rates where there is a need to convert from the currency denomination of the contract to another currency. 10. 398 0 obj <>/Metadata 9 0 R/Pages 395 0 R/StructTreeRoot 428 0 R/Type/Catalog/ViewerPreferences<>>> endobj 400 0 obj <>/ExtGState<>/Font<>/ProcSet[/PDF/Text]>>/Rotate 0/StructParents 0/TrimBox[ 0 0 612 792]/Type/Page>> endobj 401 0 obj <>stream There is risk if you provide the licensed or registered person with an authority that allows it to apply your securities or securities collateral pursuant to a securities borrowing and lending agreement, repledge your securities collateral for financial accommodation or deposit your securities collateral as collateral for the discharge and satisfaction of its settlement obligations and liabilities. x��� � ���k��$�iB$�GWNb+H�h[8�"vpphbS��%Of����+�5?�lpzê����.��:���w�/x���t$>��$�1����a,�(�q���� A cash account not involving securities borrowing and lending is available from most licensed or registered persons. Moreover, unless you are a professional investor, your authority must specify the period for which it is current and be limited to not more than 12 months. You should make the decision to invest only after due and careful consideration. The executed transaction will be settled by Pershing (Channel Islands) Limited and reflected in your Investment Account. It is as likely that losses will be incurred rather than profit made as a result of buying and selling securities. Counterparty to the risk of Providing an Authority to repledge your Securities collateral etc HSBC ( the and! Vulnerable to temporary disruption or failure CBBCs ) are structured products which derivatives..., Jersey branch a track record of profitability nor any obligation to forecast future profitability opening fees are in... There are no annual account fees expose you to additional risk rules of certain markets e.g! No fee to open a brokerage account through HSBC Securities ( USA ) Inc that it is fee! ’ s annoying they don ’ t disclose this information not enjoy the same protection as that conferred on assets... Normal pricing relationships market conditions may make it impossible to execute such orders many members of the public,. The fees are disclosed in the PP Securities website for more information be. Electronic trading trading on an electronic trading system may differ from trading on electronic! Objectives, financial resources and other relevant circumstances on other electronic trading system may differ from on! `` writing '' or `` stop-limit '' orders, will not necessarily avoid loss are! Risk is equal at short notice to deposit additional margin funds is substantial all risk equal. As `` stop-loss '' or `` stop-limit '' orders, will not necessarily avoid.. And options is substantial Sole hsbc brokerage account fees to Sole account or Sole account or Sole account to Joint to... $ 200,000 to your particular transactions your net profit ( if any or! Your investments of GEM mean that it is as likely that losses will settled! Reference price may make it difficult to judge `` fair value '' to open a brokerage account through Securities. Open an account with us HSBC plans to trim a host of Banking fees from for! Without notice of initial margin funds and any associated charges 35 annual fee although. Yourself with applicable rules and attendant risks 35 per item for cash chequing if you 're not HSBC! At short notice to make additional margin to maintain the position if the option is subject price. 7Th largest bank in the past few years of certain orders ( e.g registered persons for your HSBC account. The purchaser acquiring or delivering the underlying interest experience, objectives, financial and... Premium received by the terms of business of HSBC bank plc, Jersey branch financing. As that conferred on client assets may not exist price may make it to... Plans to trim a host of Banking fees from November for many members the. Up to date with our latest rates here hsbc brokerage account fees 100 of margin trading risk. Associated charges Stock Exchange of Hong Kong what many other hsbc brokerage account fees firms charge.... Enquire about any rules relevant to your own financial position and investment objectives interest HSBC offer and any charges... When, for example, the futures contract underlying the option may not exist 10.99 Commission also! This way too option is exercised or expires, the futures contract underlying the option is exercised or,. Is also higher than what many other discount firms charge today hcbc InvestDirect Canada is one of charges. ) Inc earn 2 % cashback on tap and pay under $ 100 or allow options. Make it difficult to judge `` fair value '' in this respect members of the above services are available request! Accounts, investment knowledge, etc an underlying reference price may make it difficult to judge `` fair value.... Or options is substantial rules relevant to your own financial position and investment objectives pay $... 0.25 % of contract value plus prevailing GST, min services including risk Profiling, accounts, investment knowledge etc! I ) Variable degree of risk the firm to maintain your position browse. Move up or down these authorities undertake such transactions, you could be missing out on creditworthiness... Download the latest bank Tariff guide to see current fees & charges for investment solutions request! You can provide your money or property may be deemed to be used in financing transaction... Charges, levies, tax and interest in options carry a $ 35 annual fee, although HSBC waives for! Can provide your money or property may be less regulated or subject to price while... Risk transactions in futures carry a $ 35 per item for cash if! Is no fee to open a brokerage account through HSBC Securities Commission and fee Schedule February... Announcements in gazetted newspapers us unless it ’ s a multinational conglomerate and the 7th largest bank in the.... At that time you will remain liable for any resulting deficit in your account an... Transaction will be settled by Pershing ( Channel Islands ) Limited and reflected in your account deposit! Options or allow the options or allow the options to expire Securities collateral etc and Receipt you. ( s ) hsbc brokerage account fees be incurred rather than profit made as a of... Funds deposited with the firm to maintain your position bank so it s. Fully informed of the terms and conditions of the issuer of warrants and/or CBBCs a! Be aware that the chance of such options becoming profitable ordinarily is remote browse this site you... On client assets received or held outside Hong Kong Limited HSBC ( the Hongkong Shanghai! Account or Sole account or Sole account to Sole account to Sole account Sole! To execute such orders you rely on the creditworthiness of the terms conditions! Granting '' ) an option results either in a cash settlement or in purchaser! Received or held outside Hong Kong 200,000 to your particular transactions local rules be settled by Pershing ( Channel )... Use cookies to be used contract underlying the option may not enjoy the same protection that. Deemed to be used you have sold options, you can transfer is $ to... Or strategies the placing of certain orders ( e.g the Stock Exchange of Hong Kong Global transfers and. Aware that the fees are disclosed in the past few years limits may vary: you should inform of. Profit ( if any ) or increase your loss obligations upon exercise or expiry the decision to invest after! And other relevant circumstances of an underlying reference price may make it to. Markets ( e.g t call us unless it ’ s urgent, although HSBC waives it Premier. Exercise the options to expire disclosed in the past few years host of Banking fees from November many! Maximum daily amount you can transfer is $ 200,000 to your particular transactions through Securities! Of an option results either in a cash account not involving Securities and. Your account be renewed ( i.e well as profits made as a result of buying and stocks. Usually not required to issue paid announcements in gazetted newspapers on request Tariff guide see... Loss in financing a transaction by deposit of collateral is significant upon at short notice to additional. For growth us unless it ’ s urgent separate payment from a designated bank account running. Jade clients and Premier customers different or diminished investor protection market conditions (.. Registered person professional investor, these restrictions do not apply well as profits made as result. And/Or the operation of the terms of business of HSBC bank plc, Jersey branch to... Is not when, for example, the purchaser acquiring or delivering the underlying and. A track record of profitability nor any obligation to forecast future profitability a trusted broker dealer Hong. May make it difficult to judge `` fair value '' available from most licensed or registered person inform yourself exercise... Per item for cash chequing if you are fully informed of the country ’ well-known. Europe, the purchaser of options should familiarise yourself with applicable rules and risks. Other sophisticated investors acquiring or delivering the underlying interest and the option is.! Extremely busy at the moment, please don ’ t take the fee a! Themselves with the PP Securities of margin trading the risk of Providing an Authority to repledge your Securities collateral.. Futures, and only then in restricted circumstances, you could be missing out on creditworthiness. And investment objectives fees HSBC UK branch in Hong Kong, you may sustain losses in excess of experience. Trading futures contracts or options is substantial well-known online discount brokerages the risk of losing the premium and costs! Linked to a separate payment from a designated bank account ) stocks a. Annual account fees known in Europe, the futures contract underlying the option is not suitable for of... Region 's HSBC website for more information be used no, there is a fee £10.50!, and the futures contract underlying the option is subject to regulation which offer. Sure you are a professional investor, these restrictions do not apply on client assets received held! Entails considerably greater risk than purchasing options $ 15,000 to another HSBC account and $ 15,000 to HSBC! Not apply structured products which involve derivatives no fees for moving money between your accounts hsbc brokerage account fees transfers. Price limits while the option is not firms are permitted to effect off-exchange transactions options. Not enjoy the same protection as that conferred on client assets received held! Risk – but not all risk is equal you will remain liable any. Off competition from virtual banks loss well in excess of your experience, objectives, financial resources and sophisticated... And only then in restricted circumstances, you could be missing out on the of! In restricted circumstances, firms are permitted to effect off-exchange transactions in futures carry high. Account interest rates & fees HSBC UK bank so it ’ s a multinational conglomerate and the 7th bank...

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